PEN 5.00% 10.5¢ peninsula energy limited

Rick Rule Ramp, page-14

  1. 3,289 Posts.
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    I'm not sure whether management are supposed to announce to ASX regarding the outage according to disclosure rules or not. If not, then they haven't done anything wrong.

    If they were supposed to disclose, then I agree that the announcement through ADAMS isn't really sufficient.

    Yes, I'd rather not have the outage, but I'll take a 7 day outage and have where we (as a company) are at the moment. 7 days in the scheme of things is very minor. To be honest, it surprised me a bit that production has run as smoothly as it has.

    Back when I invested in LYC, when they went into production, they had much bigger delays with their materials plant (due to some pipe problem), which heavily affected their share price, so this is nothing when compared to that.
    Last edited by tutes: 13/07/16
 
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